Skylands Capital LLC Takes $1.41 Million Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Skylands Capital LLC purchased a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 115,200 shares of the restaurant operator’s stock, valued at approximately $1,407,000.

Several other large investors also recently bought and sold shares of BLMN. Gladius Capital Management LP acquired a new position in shares of Bloomin’ Brands in the third quarter worth about $26,000. KBC Group NV raised its holdings in Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares in the last quarter. GAMMA Investing LLC boosted its stake in Bloomin’ Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 4,198 shares during the last quarter. Entropy Technologies LP bought a new position in Bloomin’ Brands during the 4th quarter valued at $140,000. Finally, Fruth Investment Management bought a new stake in shares of Bloomin’ Brands in the 4th quarter worth about $152,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Bank of America lowered Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Monday, January 27th. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group started coverage on Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.30.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $11.84 on Monday. The company’s fifty day moving average is $12.02 and its two-hundred day moving average is $14.39. The company has a market cap of $1.00 billion, a P/E ratio of -107.63 and a beta of 1.97. Bloomin’ Brands, Inc. has a 12-month low of $10.85 and a 12-month high of $30.13. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46.

Bloomin’ Brands Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.